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to include tax expenditures, a large part of our federal expenditures in the tax code. and the military also needs to be part of deficit reduction. we also need to do this in a select way. these across-the-board sequestration cuts are not how we as well govern. we should be specific as to which programs are priority programs and which programs can be cut. i think that's where we are trying to find common ground between the democrats and republicans. there are discussions taking place among my colleagues on both sides of the aisle to try to find that common area of agreement. >> shannon: we all as americans wish you the best. i want to give you a chance to respond to criticism from jeff sessions. he says the senate budget, proposed and voted on by the committee is full of gimmicks and raises taxes by $1 trillion and increases spending and has no plan and makes no claim to ever balance the budget? >> well, the democratic budget from the senate -- it has more deficit reduction than the simpson-bowles proposal that we all thought was the right framework, just 2 years ago, so i think it is seriou
this week showing a wide gap, indeed, remains over spending and taxes. plans on the table both sides are taking to the airwaves to try to make their cases. peter doocy is live in washington. peter, does it look like either side is ready to give any ground? >> reporter: it depends on which interview you with a watched this morning, john boehner told abc news president obama already got the new taxes he wanted back in january so more taxes shouldn't even be on the table this time around, but another remember can bob corker indicated on fox that new taxes could be part of the discussion if democrats agree to serious entitlement reform. >> think republicans, if they true entitlement reform, would be glad to look at tax reform that generates additional revenues. that doesn't mean increasing rates. it means closing loop homes and arranging our tax system so we have economic growth. i think we've been saying that from day one. >> reporter: the house budget committee chairman paul ryan says he thinks president's trip to capitol hill to meet with republicans is a good start but he thinks the
of control debt, out of control taxes, out of control regulation, that's the only other period. president reagan came in facing that stagnation and he implemented policies the exact opposite of barak obama. in fact, it's interesting. 79 to 83, economic growth was 0.8%. today it's 0.8%. for the exact same period. because obama didn't learn the lesson from reagan that if you want to turn the economy around, you cut taxes, you reduce spending, you reduce the debt and don't send regulators like locusts to destroy small businesses and jobs. [ applause ] do you know if president obama had followed the reagan policies and we had seen the identical growth that president reagan saw inheriting the same lousy economy barak obama did, do you know that today we would have 7 million additional new jobs in america? let me help make that a little more concrete. 7 million new jobs is the equivalent of giving a job to every man, woman and child in chicago, houston, philadelphia, and boston. that's what we're talking about. [ applause ] and the stagnation under president obama doesn't fall uniformly. listen
the private sector. that is the only way the government gets money. >> taxes are going up to pay the interest costs in all . debt. >> buyer's remorse over all . treasury. you have to say these are the smartest guys in the room. if they are not liking the balance sheets and what they are doing. and that is a -- your deal is not with numbers. >> the ryan numbers don't add up. >> you think the numbers add up >> we have seen them. we saw how it is it spent. i am not talking about pie in the sky. he increased the size of the government 20 percent. is it working? >> you would agree we would see the deficit come down. >> you think it is it a good size. >> it is not a good size but it is getting better. we are focusing on the ryan budget. i have to hammer say what you will about paul ryan. he's supposed to be a leader in this area and the budget so disingenious. >> wait a minute. wait a minute. paul ryan has been a leader since the 80ings . the president said my goal is not to balance for balance sake. how do you get a fiscal responsibility into government with a president like that? >> john, hold on
butts to pay taxes, they're not, federal workers, congressional staffers and white house employees should pay their bills. >> they absolutely should pay their bills. >> should. >> what do you think, jonathan? >> yes, this is animal farm once again. the animals are equal except a few of those in washington d.c. a little more equal than the rest. >> wayne, what's your pick for the week? >> before that, you've got remember something, with timothy geithner who is the secretary of the treasury, he didn't pay his taxes, you remember, he got caught on that, it's outrageous and my pick, i'm not committing a lot of money-- new money to this market. i've got old money there, but i like, if you want to take a gamble, shfl a gaming stock. >> and john, yours for the week? >> a bunch of municipal band funds hit 52 week lows, i think a canary in the coal mine for higher interest rates. i think 2001, 2002, and higher rates, sag up with interest rates and hold it in my fund. >> we'll keep an eye on that. thank you, gang and remember, we're here to keep an eye on your cash and your taxes because the
no tax dollars for operating expenses and relies on the sale of postage, products and services to fund its operations. and the usps says it makes more money than it spens because of the networking that happens here. critics point out the post office is a monopoly that shouldn't need to spend millions of dollars to network. they say that given the agency is $16 billion in debt, the usps is out of touch. >> we are a nation in austerity. the postal service is deep, deep in the hole. toe to see they are having a lav inch conference with golfing outings and a dance party -- it is beyond the pale. >> reporter: in a letter he fired off to the post master, a congressman said, quote, spending millions to participate in a conference seems to exhibit extremely poor judgment by usps judgment... it is getting close scrutiny in washington, as the house oversight committee holds formal hearings into wasteful travel by governmenties. >> jamie: cloud claudia, great to see you. thanks. >> eric: so you are building your financial nest egg for years, but what if life takes an unexpected turn and have you
, and that was in the case of corker would you accept a tax increase if you got entitlement reform. he said yeah, we would, and conversely, i asked dick durbin, would you accept entitlement reform if you got a tax increase, and he said yes. so in principle, at least, that's what you need for a grand bargain. of course, the devil is in the details. i think the single-most interesting thing, and you had a bit of it there, but he said it again in greater length, bob corker saying the key to the possibility of this happening is that barack obama has to get out and sell entitlement reform which is going to be a tough sale, but he has to go out and say the current situation, if you just continue medicare and social security the way they are, they're going to go out of business, that entitlement reform isn't a way to kill social security and medicare, it's a way to preserve them. and that will be very interesting to see. that's going to be a marker for republicans as to just how serious this president is about bringing democrats along to the table. >> yeah. how serious can the president be to actually at all abo
Search Results 0 to 6 of about 7